Wednesday, December 13, 2006

14:30 we do not want to register shallow low here

6 comments:

Kenneth said...

Feed Monkey......watch poo poo.

boris said...

Dear Kenneth, next breakout 43.55
or 44.05 on a closing bases could decide a lot of fortunes.
Good Trading

Kenneth said...

Well, it is a nice triangle....rule of thumb where triangle comes off negative stick it should be continuation down.

boris said...

Dear Kenneth, do you want to ellaborate on that?

Kenneth said...

Boris.....i have done TA for 20 years.....triangles, wedges, broads, H&S, Inv H&S...you name it, I know it. I am just stating that a triangle is typically a continuation pattern, however when at resistance its usually a topping pattern. This triangle happens to be at resistance and its coming off a NEGATIVE down stick. Thats all I'm saying.

boris said...

Dear Kenneth, I forgot these patterns when I found my "attraction points" system that works on any security any time-frame. I do often, by habit, look at these patterns. So yes, triangle is continuation pattern, but, sorry I do not understand the meaning of "off negative stick".
Thanks
Good Trading